Riverstone

Montauk Climate Launches with $8.5M to Build Technology Companies Focused on Climate, Infrastructure, and Energy Transitions

Retrieved on: 
Wednesday, March 20, 2024
Environmental, Social and Governance (ESG), Alternative Energy, Other Professional Services, Energy, Green Technology, Start-Up, Socially Responsible Investing, Finance, Consulting, Professional Services, Environment, Environmental Issues, Environmental Health, Other Energy, Utilities, CIO, Earth, Partner (business rank), Philip, ESG, M&A, Opendoor, Climate, Policy, AI, Fortune 500, Organizational founder, Investment, Riverstone, Relativity Space, Renewable energy

Montauk Climate , an incubator dedicated to creating technology companies at the forefront of climate, infrastructure, and energy transitions, announced its launch today with $8.5 million in operating capital.

Key Points: 
  • Montauk Climate , an incubator dedicated to creating technology companies at the forefront of climate, infrastructure, and energy transitions, announced its launch today with $8.5 million in operating capital.
  • Montauk Climate is committed to building high-impact technology companies at the forefront of the sustainable, electrified, and digitized future.
  • Montauk specializes in finding and building technologies that speed along the transition to electrification, digitization, and sustainable energy.
  • With this escalating global need for climate solutions, Montauk Climate stands at the forefront, ready to build immediate go-to-market solutions that address the most pressing climate technology challenges.

Breakwall Capital LP Announces Successful Launch

Retrieved on: 
Tuesday, January 2, 2024
Professional Services, Other Energy, Utilities, Alternative Energy, Energy, Finance, Consulting, Vitol, Partnership, Partner, Natural Resources, Trilemma, Wind, Riverstone, Climate change, Growth, Capital, Partner (business rank), Renewable energy

Breakwall Capital LP (“Breakwall”), a credit investment firm that services the energy industry, announced today that it has launched as an independent and employee-owned asset advisor.

Key Points: 
  • Breakwall Capital LP (“Breakwall”), a credit investment firm that services the energy industry, announced today that it has launched as an independent and employee-owned asset advisor.
  • Breakwall is led by the co-founders of Riverstone Credit Partners, Christopher Abbate, Jamie Brodsky and Daniel Flannery, who have worked together for nearly two decades.
  • In launching as an independent firm with the same partnership team, Breakwall will continue to assist companies across the entirety of the energy value chain in securing innovative capital solutions.
  • “After nearly a decade of an extremely successful partnership with Riverstone, we are grateful for the opportunity to launch Breakwall Capital,” said Christopher Abbate, Managing Partner and Co-CEO of Breakwall Capital.

Hammerhead Energy Inc. Enters into Agreement to be Acquired by Crescent Point Energy Corp.

Retrieved on: 
Monday, November 6, 2023
Financial Competitive Act of 2013, Arrangement, Competition Act, Fairness, CIBC, NYSE, CPG, Schonfeld Strategic Advisors, Model Business Corporation Act, Fairness opinion, Acquisition, Financial adviser, Committee, Purchasing, Transaction, Blake, Cassels & Graydon, Peters, Growth, LLP, Special, Stifel, Vinson & Elkins, Riverstone Holdings, Crescent, TSX, Crescent Point Energy, Security (finance), Audit, Hammerhead, Riverstone

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price").

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price").
  • The delivery of superior operational and financial results for all shareholders is a testament to our management team partners and all Hammerhead employees.”
    Attractive Value for Hammerhead Shareholders.
  • Hammerhead has also granted Crescent Point a right-to-match any superior proposal and will pay a termination fee of C$85 million to Crescent Point if the Arrangement Agreement is terminated in certain circumstances.
  • Crescent Point has also agreed to pay a termination fee of C$85 million to Hammerhead if the Arrangement Agreement is terminated in certain circumstances.

Crescent Point Transforms Portfolio with Strategic Alberta Montney Consolidation

Retrieved on: 
Monday, November 6, 2023
Japan Act of Specified Commercial Transactions, High production volume chemicals, Duvernay, Scotiabank, Crescent Point Energy, Royal Bank of Canada, Bank, NYSE, CPG, RBC Capital Markets, KARR, US, BMO Capital Markets, Public expenditure, Consultant, Gold Creek, Gold, Riverstone, McDaniel, Transaction, Engineering, Environment, Toronto Stock Exchange, Growth, Risk, Webcast, Return, Riverstone Holdings, AECO, Royal Bank, Agreement, Crescent, Map, Norton Rose Fulbright, TSX, Accretion (finance), Oil, Cryptocurrency, Airline, Sales, Security (finance), Crown, Hammerhead

“This strategic consolidation is an integral part of our overall portfolio transformation,” said Craig Bryksa, President and CEO of Crescent Point.

Key Points: 
  • “This strategic consolidation is an integral part of our overall portfolio transformation,” said Craig Bryksa, President and CEO of Crescent Point.
  • Establishes Dominant Position in the Alberta Montney with 350,000 Net Acres of Contiguous Land Providing Synergies: The Transaction is accretive to Crescent Point’s portfolio and allows the Company to consolidate approximately 105,000 net acres of land with Montney rights, directly adjacent to its existing Alberta Montney position at Gold Creek and Karr.
  • Increases Premium Drilling Inventory to Over 20 Years: Adds approximately 800 net Montney drilling locations, further bolstering Crescent Point’s short-cycle asset portfolio.
  • The following graphic shows the acquired assets in relation to Crescent Point’s existing land position in the Alberta Montney.

Open Letter from Tom Claugus, President of GMT Capital Corp., for why he Opposes Proposed Acquisition of Pipestone Energy Corp. (TSX: PIPE) by Strathcona Resources Ltd.

Retrieved on: 
Thursday, September 21, 2023
Psychology, EV, GMT, H2S, Carbon, Sale, Crescent Point Energy, Riverstone, ESG, 4X, Security (finance), Retail, LNG, Pipestone

Please feel free to contact our proxy solicitation firm, Morrow Sodali, for assistance with voting logistics at 1-800-607-0088 or 1-289-695-3075.

Key Points: 
  • Please feel free to contact our proxy solicitation firm, Morrow Sodali, for assistance with voting logistics at 1-800-607-0088 or 1-289-695-3075.
  • We highly recommend you vote against the proposed merger (preferably by Friday) for the following reasons:
    1) The exchange ratio is much too low for Pipestone shareholders.
  • The only way this merger works for the average Pipestone shareholder is if you assume a significantly higher multiple for the combined entity.
  • Pipestone shareholders are encouraged to review our Dissident Circular dated September 15, 2023, which is available on Pipestone's profile on SEDAR+ at www.sedarplus.ca.

Talen Energy Reports Second Quarter Results, Highlights Strong First Half 2023 Financial and Operational Performance, and Establishes 2023 Guidance

Retrieved on: 
Monday, August 14, 2023
Uranium, EDT, Midstream, Bank of America, Webcast, Riverstone, Digital, CDT, Bank, PPA, Conference, Security (finance), Talen

The range for 2023 Adjusted EBITDA is $1,070 million to $1,245 million and the range for Adjusted Free Cash Flow is $550 million to $595 million.

Key Points: 
  • The range for 2023 Adjusted EBITDA is $1,070 million to $1,245 million and the range for Adjusted Free Cash Flow is $550 million to $595 million.
  • Talen is focused on maintaining a strong balance sheet: targeting a net leverage ratio of less than 3.5x net debt-to-EBITDA, along with maintaining ample liquidity.
  • On August 9, 2023, Talen successfully refinanced its non-recourse LMBE-MC subsidiary debt through upsizing its New TLB, 2030 by $290 million.
  • As of June 30, 2023, Talen had hedged approximately 64% of its expected generation volumes for the second half of 2023 and approximately 76% in 2024.

Iontra Closes $67 Million Series B Following Additional $29 Million Investment to Accelerate Launch of Next-Gen Battery Charger MCU

Retrieved on: 
Thursday, July 27, 2023
JPMorgan Chase, MCU, National Renewable Energy Laboratory, MCU-2/P protective mask, Mineral, University, EV, University of Michigan, Carbon footprint, BOM, Policy, Research, Cell, Carbon, Analog Devices, History, Investment, Texas Instruments, Volta, Riverstone, Climate, Increment, Safety, Electric battery, Renewable energy, Qualcomm

CENTENNIAL, Colo., July 27, 2023 /PRNewswire/ -- Iontra Inc, a Colorado-based innovator of next generation battery charging technology, today announced it has raised an additional $29 million, bringing its Series B fundraising total to $67 million and $80 million raised to date. The additional Series B funding is led by prominent energy sector investors Volta Energy Technologies and Riverstone with additional support from Flag Asset Management and others. JPMorgan Chase assisted Iontra by acting as the placement agent for the financing.

Key Points: 
  • The additional Series B funding is led by prominent energy sector investors Volta Energy Technologies and Riverstone with additional support from Flag Asset Management and others.
  • Iontra maximizes the use of critical battery minerals and materials for a more secure and sustainable energy future.
  • This funding will advance Iontra's position as a fabless supplier of a low-cost and small-footprint battery charger microcontroller (MCU) for battery-powered consumer products such as power tools, smartphones, hearables, and wearables.
  • Iontra not only improves your product but removes the need for vast amounts of new battery materials."

EV, Energy Storage and Solar Plug-and-Play Leader ConnectDER Closes $27 Million "C" Round Funding

Retrieved on: 
Wednesday, May 24, 2023
DER, EV, EVS, Riverstone, Growth, EIC, Renewable energy, Natural gas

PHILADELPHIA, May 24, 2023 /PRNewswire/ -- ConnectDER, the company that provides fast connection adapters for solar and other distributed energy resources (DER), has announced the closing of a $27 million Series C funding round.

Key Points: 
  • PHILADELPHIA, May 24, 2023 /PRNewswire/ -- ConnectDER , the company that provides fast connection adapters for solar and other distributed energy resources (DER), has announced the closing of a $27 million Series C funding round.
  • As a result, consumers save thousands of dollars in installation costs and components and shave off weeks to months of installation time.
  • "Increasing home electrification is a powerful trend driven by solar, storage, EV charging, and electrification of other home appliances," Gupta said.
  • We are thrilled to partner with the ConnectDER team on its journey to enable faster and cheaper electrification and decarbonization for the residential mass market."

Petra Funds Group Expands ESG Advisory Offering with Senior Hire

Retrieved on: 
Wednesday, April 19, 2023
Sustainability, Partner (business rank), MSCI, SFDR, Riverstone, Knowledge, ESG, Entrepreneurship, KPMG, Les Simpson, Financial services, Security (finance), EU

NEW YORK and LONDON, April 19, 2023 /PRNewswire/ -- Petra Funds Group ("Petra"), a leading independent private funds administrator, announced today that KPMG's Hugh Simpson joined the firm as Director of ESG in Petra's London office.

Key Points: 
  • NEW YORK and LONDON, April 19, 2023 /PRNewswire/ -- Petra Funds Group ("Petra"), a leading independent private funds administrator, announced today that KPMG's Hugh Simpson joined the firm as Director of ESG in Petra's London office.
  • Hugh will be responsible for delivering the firm's ESG managed services and advisory offering for private market investment funds.
  • "At Petra, we are continuing to improve our ESG practice for asset management firms, and our continued investment in senior ESG talent is a testament to the demand for our services," stated Mr. Chipchase.
  • "We are confident that Hugh's breadth of experience and knowledge of ESG regulation and sustainability best practices will greatly strengthen Petra's ESG offering and be accretive to Petra's clients."

Petra Funds Group Expands ESG Advisory Offering with Senior Hire

Retrieved on: 
Wednesday, April 19, 2023
Sustainability, Partner (business rank), MSCI, SFDR, Riverstone, Knowledge, ESG, Entrepreneurship, KPMG, Les Simpson, Financial services, Security (finance), EU

NEW YORK and LONDON, April 19, 2023 /PRNewswire/ -- Petra Funds Group ("Petra"), a leading independent private funds administrator, announced today that KPMG's Hugh Simpson joined the firm as Director of ESG in Petra's London office.

Key Points: 
  • NEW YORK and LONDON, April 19, 2023 /PRNewswire/ -- Petra Funds Group ("Petra"), a leading independent private funds administrator, announced today that KPMG's Hugh Simpson joined the firm as Director of ESG in Petra's London office.
  • Hugh will be responsible for delivering the firm's ESG managed services and advisory offering for private market investment funds.
  • "At Petra, we are continuing to improve our ESG practice for asset management firms, and our continued investment in senior ESG talent is a testament to the demand for our services," stated Mr. Chipchase.
  • "We are confident that Hugh's breadth of experience and knowledge of ESG regulation and sustainability best practices will greatly strengthen Petra's ESG offering and be accretive to Petra's clients."